BNR keeps the Romanian monetary policy rate unchanged

BNR keeps the Romanian monetary policy rate unchanged

The latest macroeconomic data point to the annual inflation rate remaining below the lower bound of the variation band of the flat target, along with the pick-up in economic growth in 2015 Q1, driven by stronger final consumption and investment.
Board of the National Bank of Romania has decided to keep the monetary policy rate unchanged at 1.75 percent per annum, to continue to pursue an adequate liquidity management in the banking system and to maintain the present levels of the minimum reserve requirements ratios on both leu- and foreign currency-denominated liabilities of credit institutions.
The average annual inflation rate based on the Harmonised Index of Consumer Prices, which is relevant for assessing convergence with the European Union, stayed put at 1.1 percent.
Source: ninceoclock.roTags: BNR, investments